Gas Prices

Roses Are Red, Violets Are Blue – Oil Costs Tick Up and Gas Prices Too

By: Andrew Gross & Devin Gladden

WASHINGTON, D.C. (February 8, 2024)—Sticking to the slow lane since last week, the national average for a gallon of gas dipped slightly for a few days before rising a fraction of a cent higher to $3.15. However, seasonal demand trends, higher costs for oil, and routine refinery maintenance will likely push pump prices slowly higher soon.

“It feels like being in a car with a cold battery, cranking away yet slow to turn over,” said Andrew Gross, AAA spokesperson. “But gas prices will likely start increasing around Valentine’s Day.”

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